Wampold sells New Orleans apartment complex for $27.6M

    "You need to make sure you come to the market suited up to play. Because it's going to be competitive, and you better have the equipment to compete." —Developer Mike Wampold on Baton Rouge's hotel boom. He acquired the historic LNB Building at 150 N. Third St. and began negotiations with Marriott. Windsor Aughtry of South Carolina instead got the franchise and plans to build a new Courtyard Marriott one block from Wampold's building. (File photo)

    Four years after completing a high-rise apartment complex in downtown New Orleans, developer Mike Wampold has sold the 17-story property at the corner of Elk Place and Rampart Street for nearly $27.6 …

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